XFH.TO vs. TEQT.TO

Last updated Jun 5, 2026

XFH.TO (iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)) and TEQT.TO (TD All-Equity ETF Portfolio) are both Global Equities funds - XFH.TO tracks the Morningstar DM xNA GR CAD while TEQT.TO tracks the 25% Solactive Canada Broad Market Index (C$, Net Total Return); 55% Solactive US Large Cap CAD Index (C$, Net Total Return); 20% Solactive GBS Developed Markets ex. North America Large & Mid Cap CAD Index (C$, Net Total Return). Both are passively managed. Over the past year, XFH.TO returned 23.32% vs 30.84% for TEQT.TO. Their correlation of 0.81 suggests significant overlap in exposure. XFH.TO charges 0.22%/yr vs 0.17%/yr for TEQT.TO.

Performance

XFH.TO vs. TEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) and TD All-Equity ETF Portfolio (TEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XFH.TO achieves a 9.98% return, which is significantly lower than TEQT.TO's 12.34% return.

XFH.TO

• 1D: 0.70%
• 1M: 3.65%
• YTD: 9.98%
• 6M: 11.71%
• 1Y: 23.32%
• 3Y*: 16.60%
• 5Y*: 10.31%
• 10Y*: 10.20%

TEQT.TO

• 1D: 0.67%
• 1M: 5.89%
• YTD: 12.34%
• 6M: 11.77%
• 1Y: 30.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XFH.TO vs. TEQT.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XFH.TO iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)	9.98%	23.53%
TEQT.TO TD All-Equity ETF Portfolio	12.34%	27.04%

Correlation

The correlation between XFH.TO and TEQT.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025	0.81

The correlation between XFH.TO and TEQT.TO has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

Return for Risk

XFH.TO vs. TEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XFH.TO

XFH.TO Risk / Return Rank: 58
XFH.TO Sharpe Ratio Rank: 59
XFH.TO Sortino Ratio Rank: 60
XFH.TO Omega Ratio Rank: 62
XFH.TO Calmar Ratio Rank: 50
XFH.TO Martin Ratio Rank: 58

TEQT.TO

TEQT.TO Risk / Return Rank: 84
TEQT.TO Sharpe Ratio Rank: 86
TEQT.TO Sortino Ratio Rank: 87
TEQT.TO Omega Ratio Rank: 86
TEQT.TO Calmar Ratio Rank: 80
TEQT.TO Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XFH.TO vs. TEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) and TD All-Equity ETF Portfolio (TEQT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	XFH.TO	TEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.79	-0.84
Sortino ratio: Return per unit of downside risk	2.78	3.89	-1.11
Omega ratio: Gain probability vs. loss probability	1.37	1.52	-0.15
Calmar ratio: Return relative to maximum drawdown	2.43	4.07	-1.63
Martin ratio: Return relative to average drawdown	10.02	16.73	-6.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XFH.TO vs. TEQT.TO - Sharpe Ratio Comparison

The current XFH.TO Sharpe Ratio is 1.95, which is lower than the TEQT.TO Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of XFH.TO and TEQT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XFH.TO	TEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.79	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	3.04	-2.54

Drawdowns

XFH.TO vs. TEQT.TO - Drawdown Comparison

The maximum XFH.TO drawdown since its inception was -33.85%, which is greater than TEQT.TO's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for XFH.TO and TEQT.TO.

Drawdown Indicators

	XFH.TO	TEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-33.85%	-7.62%	-26.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-7.62%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.85%	—	—
Current Drawdown Current decline from peak	-0.60%	0.00%	-0.60%
Average Drawdown Average peak-to-trough decline	-5.61%	-1.00%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.85%	+0.48%

Volatility

XFH.TO vs. TEQT.TO - Volatility Comparison

iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) has a higher volatility of 3.93% compared to TD All-Equity ETF Portfolio (TEQT.TO) at 3.02%. This indicates that XFH.TO's price experiences larger fluctuations and is considered to be riskier than TEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFH.TO	TEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	3.02%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	8.82%	+1.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.01%	11.11%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	12.17%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	12.17%	+3.99%

XFH.TO vs. TEQT.TO - Expense Ratio Comparison

XFH.TO has a 0.22% expense ratio, which is higher than TEQT.TO's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XFH.TO vs. TEQT.TO - Dividend Comparison

XFH.TO's dividend yield for the trailing twelve months is around 1.96%, more than TEQT.TO's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEQT.TO TD All-Equity ETF Portfolio	1.30%	1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XFH.TO iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)	1.96%	2.16%	2.47%	2.91%	2.91%	2.29%	1.73%	2.43%	2.66%	2.11%	2.03%	2.45%

Frequently Asked Questions

Can I hold both XFH.TO and TEQT.TO in my portfolio?

XFH.TO and TEQT.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XFH.TO or TEQT.TO?

On fees, TEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XFH.TO or TEQT.TO?

TEQT.TO is cheaper with a 0.17% expense ratio, compared with 0.22% for XFH.TO.

What is the main difference between XFH.TO and TEQT.TO?

XFH.TO tracks Morningstar DM xNA GR CAD, while TEQT.TO tracks 25% Solactive Canada Broad Market Index (C$, Net Total Return); 55% Solactive US Large Cap CAD Index (C$, Net Total Return); 20% Solactive GBS Developed Markets ex. North America Large & Mid Cap CAD Index (C$, Net Total Return). They also come from different issuers: iShares and TD. Their fees differ too: 0.22% for XFH.TO and 0.17% for TEQT.TO.